Tier 1 New Developments

 

Having traveled the globe advising luxury clients, we can decisively state Manhattan condominiums, on the whole, are some of the most exquisitely designed, lifestyle oriented, and all-inclusive masterpieces. However, whether you’re searching in time-proven destinations like the West Village, or newer luxury entrants like Billionaire’s Row or Hudson Yards, no two projects are the same. Here are some of the most important attributes we consider when advising clients where, when and at what price to invest in a new development

 

 

Luxury, perhaps the most overused word in the industry, is something hard to define but immediately recognizable when you’ve seen it all. While industry analysts try and segment the “top 10%” of the market, or real estate above a certain price threshold, even the most expensive penthouse, or a reasonably priced condominium can cut the bill.

 

We consider many attributes, from impeccable layouts that cater to how most prefer to live when inside their residence, to the craftsmanship of millwork, the proportions of ceiling height to room width, to the thoughtfulness of the appliance packages.

From “Starchitect Row” to Billionaire’s Row, today’s projects market the design team and developer’s track record as much as the location and views. Particularly when buying projects in construction or “off-plans” – a strong team can provide that neede level of assurance about the delivered product’s quality. Following are some of our team’s most favorite developer / architect partnerships that have delivered exceptional condominiums.

 

A Tier-1 new development stands the test of time, not only withstanding the NYC elements in the strong quality of construction. Top new developments remain sought after even during market slowdowns, and provide assurance to buyers overall about their property’s long-term appreciation potential. These projects have the perfect combination of design and construction, location and services, amenities, and limited supply to assure maximum resale potential.

Level of Service

 

Last, but not least, top new developments offer a level of service unmatched by their peers, who typically rely solely upon more conventional property management companies. These increasingly include branded residences and other alternate accommodations like luxury-managed mansions and other private residences. We’ve advised clients considering some of the best-serviced projects, including:

 

If you’re considering purchasing in a new development or buying a resale in one of the last few cycles, The Erin Boisson Aries Team can advise on a range of considerations. Past projects managed by, advised upon, and/or explored by the team include: